Power, Profits & Plans: The Political Economy Of Housing In Pakistan

Edited by Nasir Javed and Muhammad Shafaat Nawaz

in PIDE Books from Pakistan Institute of Development Economics

Abstract: The Housing sector in Pakistan is a private sector market. The housing market comprises of different stakeholders like the citizens who are buying, selling, or renting the houses, the real estate investors who buy and sell properties solely for investment purposes, the contractors, the renovators, and the real estate brokers who act as facilitators in the process of buying or selling a property, and housing sector developers who provide the supply of housing. Not forgetting the role of the state, which is supposed to ‘regulate’ this market, through a set of policies, laws, rules, regulations, taxes, incentives, and facilitations etc. It is this regulatory role that is meant to shape the private housing market. In addition to this role, various governments also functioned as developers as they provided housing under various programs and institutional arrangements, either on commercial terms (mostly done by city development authorities) or subsidized housing for poor. Unfortunately, most of such government initiatives have had negligible impact on the overall market.

Keywords: Power; Profits & Plans; Political Economy; Housing (search for similar items in EconPapers)
Date: 2023 Written 2023 Originally published 2023.
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